A Step-by-Step-Guide on how to buy DigitalBits (XDB)
Step 1 – Signup to Kraken You'll first need to buy one of the major currencies. Exchanges usually accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for alternative Coins. Follow the Link below for registration and to get ETH (Ethereum) or BTC (Bitcoin).
Step 2 – Send Your Bitcoin (BTC) or Ethereum (ETH) to an Exchange Your Ethereum (ETH) or Bitcoin (BTC) will need to be sent over to an Crypto Trader now. All exchanges have a deposit form that is alike. DigitalBits (XDB) is available on Binance, so we're going to use that as an example. Unsure on how to send Coinbase funds to an Crypto Exchange? (Follow this guide) Make sure you have selected the exact coin you would like to deposit. Bitcoin must be sent to a BTC deposit address, ETH to an Ethereum deposit address, etcetera. In the case you're dealing with a decentralized exchange, such as Airswap or DDEX could be divergent (Just follow our manual).
Step 3 – Locate DigitalBits (XDB) Once your deposit has been verified, you will immediately have access to your funds and you can commence purchasing and trading. To invest in DigitalBits (XDB) on Binance, you will want to hover over the tab which is called “Exchange” and after that mouse click on “Basic”. In order to discover DigitalBits (XDB), you will need to insert the shortname of the coin (XDB) into the search box, which is marked in the graphic. Make sure you have selected the correct pairing, we have highlighted this also. Click on “XDB/BTC” to progress.
Step 4 – Acquisition of DigitalBits (XDB) Once you have spotted DigitalBits (XDB), you'll be given a Chart with Prices (in the Center of the image) and some Order Books (on the Left of the picture). Next we are going to create our own Limit Order. The ”Price” field will be filled with the most latest valuation DigitalBits (XDB) was sold for. This can be changed to your preferred price. The field with the “Amount” tag is the quantity of XDB you wish to purchase. The ”Total” field is the whole price in BTC that you will pay for the whole quantity of XDB. If you are glad, click on “Buy XDB”. Your plan will be filled when a Vendor sells their XDB for the price you gave.
Step 5 – Withdraw DigitalBits (XDB) Unless you're frequently trading, never keep your crypto coins on an Exchange for an longer period of time. To take off your DigitalBits (XDB), go to the ”Funds” tab and mouse click on “Withdraw”. DigitalBits (XDB) can be safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find DigitalBits (XDB) by using the provided drop-down box. Put into the volumen of DigitalBits (XDB) you would wish to take off. Don't forget the presented fees/minimums. Also make sure you have entered your right withdraw address. If you are glad, click on “Submit”. You could be asked for verfication via phone/email before a withdrawal.